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AN APPRAISAL OF CONVERGENCE OF PENSION FUND ADMINISTRATION IN NIGERIA WITH INTERNATIONAL STANDARD (A CASE STUDY OF OGUN STATE)

Table of contents

Title Page  

Certification  

Dedication  

Acknowledgement  

Table of Contents  

Abstract                                                                                                     

CHAPTER ONE 

1.1 Background of the Study  

1.2 Statement of the Problem  

1.3 Objectives of the Study  

1.4 Research Questions  

1.5 Significance of the Study  

1.6 Scope of the Study  

1.7 Operational Definition of Terms  

CHAPTER TWO: LITERATURE REVIEW 

2.1 Theoretical Framework  

2.2 Review of Research Literature  

2.3 Historical background of pension scheme in Nigeria  

2.4 Overview of the Pension Reform Act  

2.5 Features of the Old Pension Scheme (Defined Benefit Scheme)  

2.6 The National Provident Fund Scheme Of 1961  

2.7 The Contributory Pension Scheme of 2004  

2.8 Sources of Funds  

2.9 Pension Administration in Nigeria  

2.10 Pension and Capital Development  

2.11 The Nigerian Perspective of Pension Administration  

2.12 Summary and Appraisal of Literature  

CHAPTER THREE: RESEARCH METHODS 

3.1 Introduction  

3.2 Research Design  

3.3 Population of the Study  

3.4 Sample and Sampling Techniques  

3.5 Research Instrument  

3.6 Validity of the Instrument  

3.7 Reliability of the Instrument  

3.8 Method of Data Collection  

3.9 Method of Data Analysis  

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS 

4.0 Introduction  

4.1 Data Presentation and Interpretation Table  

4.2 Analysis of Research Questions  

CHAPTER FIVE 

5.0 Introduction  

5.1    Summary of the Findings  

5.2    Conclusion  

5.2. Recommendations  

References  

Appendix I 

Abstract

This study, appraisal of convergence of pension fund administration in Nigeria with international standard. The study examine the issue of pension fund administration in Nigeria; examine the level of convergence of pension fund administration in Nigeria with international standards and identify the shortcomings in the pension fund administration in Nigeria descriptive design was used. Simple random sampling was used to select fifty pensioners. A questionnaire was used to collect primary data from the pensioner. The results showed that high level of corruption and massive looting of pension funds by the  pensions’ officers caused some emotional trauma to pensioners, insincerity and lack of commitment on the part of government and pensions’ officers resulted to pensioners not having sufficient income to meet their basic needs of life. The researcher recommends that the Nigerian government should encourage the option of having the banks where the salary accounts of employees are domiciled to facilitate pension deductions on monthly basis and have it remitted to the concerned pension fund administrators (PFA) i.e. employers should stop deducting the pension contribution at source. The review of this role is necessary because, it seems the number of defaulting firms is on the increase. 

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